Ask questions via twitter! Message any question to @answers on twitter. We'll publish the question and send you a reply each time there's a new answer.
Next Question

Answered Question

rocketsin... rocketsin...
 

Mahalo is adding a tip to all questions that don't offer a tip.
M$1.00  Funded By Mahalo ? |  April 08, 2009 01:09 PM

Will the Real Estate boom ever return?

Hi, i'd love to ask this question with all you friends if the Real Estate boom will ever return again? We all benefitted so much from the boom we witnessed in the last few years but now it seems everything is dead and it will never return to it's glory. what are your thoughts?-------Rocket SinghProperty in Pakistan | Property in Lahore
Interesting Question?  Yes (0)   No (0)   
RSS
 
 

Best Answer  Decided by Votes

hushnow hushnow
 
 April 09, 2009 01:54 AM
Real estate will go back up if prices are first allowed to fall in order to meet the current demand. Right now prices are still too high and a lot of home buyers are left sitting on the side lines.

Once prices have fallen and people become interested in buying again, the demand will go up, and so will the prices.

What doesn't make sense is the US Government trying to keep prices up for current home owners, and trying to offer incentives for first time home buyers.

Right now there are 19 Million unoccupied homes in the US. It doesn't make sense to keep prices high unless the majority of home owners actually bought the home as an investment.

Although a lot of people have bought into the home with the idea that prices would go up and it would be an "investment" the truth is, most Americans actually plan on living in their home- with no intention of selling it for a profit, unless other factors were put in place.
Source(s):
My opinion
http://www.treehugger.com/files/2008/04/186-million-empty-houses.php



Helpful Answer?  (0)   (0)    Tip hushnow for this answer
Permalink | Report
Voted as best: ensorceled, littleghost
   Reply  
 
 

Other Answers (2)

Sort By
srgothard srgothard
 
April 08, 2009 02:43 PM
I'm sure it will. People like owning their own homes, and I'm sure that day will come again. In fact, with all the government spending of wealth not yet created, inflation will start to kick in and cause homes to appreciate in value even more.

Just say to yourself, "Will people ever decide that owning a home is stupid?" and if the answer is "probably not," then things will eventually turn around. We may finally return to the days of 20% down and 15-year fixed mortgages, but people will own homes.

Helpful Answer?  (0)   (0)    Tip srgothard for this answer
Permalink | Report
Voted as best: masontx
   Reply  
 
 
davepamn davepamn
 
April 12, 2009 12:24 AM
FDI will start buying up assets.

1. Chen Hang said, "The Chinese are going to seize the opportunity to take advantage of some great deals"
2. China’s ultra-rich have been buying property in the U.S. for years
3. More than 100 Chinese buyers have joined such tours since late 2008
4. Beijing based Soufan Holdings plans to show participants foreclosed properties priced at $300,000 to $800,000.
5. Cash-rich Chinese companies are looking to buy resources made suddenly cheaper.
6. China had the world’s fifth-largest population of millionaires in 2008 with 391,000
7. Chinese buyers are looking at both commercial property and homes to rent out or use on business trips
8. Lion’s Property Development Group in New York City organizes Chinese groups to visit New York homes for home ranging from $1 million to $2.5 million home.
Source(s):
http://secondhomes411.com/2009/03/05/real-estate-markets-will-recover-quick...


Helpful Answer?  (0)   (0)    Tip davepamn for this answer
Permalink | Report
   Reply  
 
 

Answer this Question

How tips and payments work

This question has already been resolved. You may add an answer to it but you will not be eligible to win best answer or any associated tips.

Related Questions

View All Business Questions

Ask a Question


140 characters left
Top of Page
Buy Mahalo Dollars with Credit Card or PayPal

Top Members

This Week All Time
  • buddawiggi
    buddawiggi
    2nd Degree Black Belt
    26830 Points
    M$782.84 Earned
  • kty2777
    kty2777
    Purple Belt with a Brown Tip
    5313 Points
    M$198.17 Earned
  • opher
    opher
    Purple Belt
    4027 Points
    M$170.67 Earned
   See All
 

Most Popular Tags

mahalo(1581)
twitter(944)
iphone(460)
music(458)
google(352)
food(313)
internet(303)
online(292)
beer(278)
money(262)
movies(254)
facebook(252)
apple(249)
aotd(235)
answers(220)
health(217)
video(201)
free(201)
dog(201)
windows(196)
   See All
 

Categories

Welcome New Members


 
 
Mahalo Dollars are the currency of Mahalo Answers.

Each Mahalo Dollar costs $1.

Once you earn more than 40 Mahalo Dollars, you can request to be paid via PayPal. Each Mahalo Dollar is currently worth $0.75 when paid out via PayPal. Learn More

 
 

Please log in to use this function.

Answers Home | Ask a Question | Earn Points | How Tips Work | Widget